Algeria's state energy producer Sonatrach has announced plans to set up a 2,000-sq-m oilfield equipment manufacturing facility in the country's Arzew Industrial Zone in partnership with Baker Hughes, a GE company (BHGE).
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Iraq has requested proposals from international oil companies interested in developing a number of small- and medium-sized oil fields, Iraq Business News reported.
The fields include Sindebad, Umm Qasr, Rachi, Abu Khema&n

Russia’s Gazprom, a leader in the energy sector, is in talks with the National Iranian Gas Company (NIGC) to develop a gas field in Iran, a report said.
Talks are currently focused on the text of the agreement; Russia's

Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report sa

Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report sa

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

Saudi Aramco plans to increase oil output from its Shaybah field over the next two weeks to one million barrels per day, Saudi media reported on Thursday, quoting the company CEO.
Amin Nasser also told Saudi journalists that he ex

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters.
The other bidders are the field's current ope

Kuwait has agreed with neighbouring Saudi Arabia to resume production at the joint Khafji oilfield, the Opec member's acting oil minister said on Tuesday.
Anas Al-Saleh, who is also Kuwait's finance minister, told reporter